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Nel ASA: Exercise of employee share options

(Oslo, 4 September 2019) Nel ASA (the Company) today has resolved, in accordance with the authorization granted by the general meeting on 28 March 2019,  to issue 4,393,877 new shares to fulfil the Company’s obligations, specified in the Company’s annual report (note 6): in the groupwide share option program comprising all employees in Nel fulfilling certain criteria, and towards employees of the Company’s US subsidiary Proton Energy Systems, Inc. (“Proton OnSite”), thereby increasing the Company’s share capital by NOK 878,775.40. In total 127 employees in the group exercised the 4,393,877

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